Gino Macchio Foundation Inc
- Assets
- $224.7k
- Revenue
- $344.5k
- Investments
- $0.0
- Employees
- 7
- Location
- Bohemia, NY
- Founding
- 07/2019
- Data as of
- 12/2023
- EIN
- 83-3327316
Organization Overview
Gino Macchio Foundation Inc is located in Bohemia, NY. The organization was established in 2019. According to its NTEE Classification (F50) the organization is classified as: Addictive Disorders N.E.C., under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2023, Gino Macchio Foundation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gino Macchio Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Gino Macchio Foundation Inc generated $344.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 49.2% each year . All expenses for the organization totaled $321.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE GINO MACCHIO FOUNDATION IS TO EMPOWER INDIVIDUALS IN RECOVERY BY PROVIDING EMPLOYMENT OPPORTUNITIES, AND TRAINING SUPPORT TO BUSINESSES AND ORGANIZATIONS TO BECOME RECOVERY FRIENDLY WORKPLACES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH THE POWER OF GIVING, INGENUITY AND EDUCATION WE ARE CREATING SUSTAINABILITY WHILE TRANSFORMING LIVES AND THE ENVIRONMENT IN WHICH WE ALL LIVE. THIS IS ACHIEVED THROUGH OUR AQUACULTURE SUSTAINABILITY PROGRAM. THROUGH OUR EFFORTS WE HAVE BEEN ABLE TO ADD 500,000 OYSTERS TO A NATURAL OYSTER REEF SANCTUARY. THIS IS ALSO ACHIEVED THROUGH OUR PUT RECOVERY TO WORK PROGRAM. WE HAVE SUCCESSFULLY EMPLOYED INDIVIDUALS IN OUR PUT RECOVERY TO WORK PROGRAM AND CONTINUE TO EXPAND OUR OPERATIONS. WE HAVE ENTERED INTO A PARTNERSHIP WITH A LOCAL MUNICIPALITY TO EXPAND THE WELLNESS AND RECOVERY CENTER ISSUE TO THE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Daly Executive Director | OfficerTrustee | 30 | $70,830 |
Sabrina Macchio President | OfficerTrustee | 10 | $0 |
Deborah Macchio Vice President | OfficerTrustee | 10 | $0 |
Steven Macchio Treasurer | OfficerTrustee | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $164,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $98,354 |
| Noncash contributions included in lines 1a–1f | $1,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $262,854 |
| Total Program Service Revenue | $0 |
| Investment income | $97 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $81,596 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $344,547 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $70,830 |
| Compensation of current officers, directors, key employees. | $7,083 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $151,080 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,322 |
| Fees for services: Management | $6,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,172 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,541 |
| Travel | $1,962 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,105 |
| All other expenses | $0 |
| Total functional expenses | $321,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $188,225 |
| Savings and temporary cash investments | $30,724 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,795 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $224,744 |
| Accounts payable and accrued expenses | $1,804 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,804 |
| Net assets without donor restrictions | $222,940 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $224,744 |